Message from @BoostyRB25
Discord ID: 693366972896903179
Hedging, risk mitigation, all that stuff, but options trading.
Gotta really detach the ole emotions.
Set your entries and exits
and not continually look at it
I believe that was probably my biggest mistake.
Just having a fearful window on it at times.
@BoostyRB25 cool send me your money
I've accepted mass casualties and the deaths of people around me so I think I've got the emotional detachment aspect down.
lol
You watch unrealized gains go down almost 50% talk to me then
@seführ3r Okay but you have to pay a premium back
Whyyyyyy
Because I'm have control over the money
Not fairrrrr
And I've vested a considerable amount of time and effort, as well as risk/money into it
Just growing
I don't know: I've just never been a financially motivated person. Sure: trading with other people's money sounds stressful but frankly I'd be more worried about retribution from gilted clients
There's a man by the name of Michael Burry
He poured over the MBS prospectus' and actually saw beforehand that it was going to collapse.
He essentially bought MBS swaps (insurance if the prices/value of security falls)
And couldn't relinquish control or the whole fund would go defunct.
The guy is "autistic", aka really focused, seemingly really intelligent too.
Long story short, after that whole incident, and I think a few investors tried suing.
I'm an autistic psychopath too lol
He closed the fund and trades for himself basically now.
Maybe other private trustees too but that's it really.
I like trading too, and I enjoy business.
But I've personally witnessed some of the ugliness of it firsthand.
People not understanding what they're buying, blaming you for it.
People trying to rip you off.
I would like to start a fund some day too.
But realistically, I think my talents would be better utilized in business solutions, not just investing.
see: that's why I just want my commune in the woods, Charles Manson style
lol
Do you hunt or fish?
I used to go out with my dad on his Whaler and fish and frankly I'm gonna have to hunt if the quarantine truly persists for two years
It's been a while since I have: maybe a decade but I've been consuming survival information and cult psychology like a sponge
why cult psychology
Because I want to start a cult
lol